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Laxmi Organic was listed on the stock exchange on 25-03-2021. The IPO was subscribed 106.81x. The last GMP for Laxmi Organic IPO was ₹40, updated on Mar 25th 2021 09:47 AM. As per the last GMP, the expected profit/loss for the IPO was 30.77%.

The issue price of Laxmi Organic IPO (LXCHEM,543277) was ₹130, listed at a price of ₹155.50, which is 19.62% higher than the allotment price.

The expected IPO listing price as per grey market was ₹170, listed below GMP price and marked as negative listing for GMP.

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

Laxmi Organic Day-wise IPO GMP Trend

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing PriceLast Updated
25-03-2021 Listing130₹40 --₹170 (30.77%)25-Mar-2021 9:47
24-03-2021 130₹65 --₹195 (50%)24-Mar-2021 9:15
23-03-2021 130₹60 --₹190 (46.15%)23-Mar-2021 9:18
22-03-2021 Allotment130₹60 --₹190 (46.15%)22-Mar-2021 10:10
21-03-2021 130₹75 --₹205 (57.69%)21-Mar-2021 10:33
19-03-2021 130₹84 --₹214 (64.62%)19-Mar-2021 9:56
18-03-2021 130₹83 --₹213 (63.85%)18-Mar-2021 9:20
17-03-2021 Close130₹84 --₹214 (64.62%)17-Mar-2021 10:34
16-03-2021 130₹80 --₹210 (61.54%)16-Mar-2021 9:28
15-03-2021 Open130₹97 --₹227 (74.62%)15-Mar-2021 10:02
13-03-2021 130₹110 --₹240 (84.62%)13-Mar-2021 10:55
12-03-2021 130₹110 --₹240 (84.62%)12-Mar-2021 8:51
11-03-2021 130₹102 --₹232 (78.46%)11-Mar-2021 10:54
10-03-2021 130₹85 --₹215 (65.38%)10-Mar-2021 8:34
09-03-2021 130₹125 --₹255 (96.15%)9-Mar-2021 8:06

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IPO grey market premium (GMP)

The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premium signals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.

It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Laxmi Organic IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Laxmi Organic IPO or not.

Laxmi Organic IPO Dates

Latest and updated information on Laxmi Organic IPO. Dates will be updated as they are announced.

IPO Activity Date
IPO Open Date 15-03-2021
IPO Close Date 17-03-2021
Basis of Allotment
Finalisation Date*
22-03-2021
Refunds Initiation* 23-03-2021
Credit of Shares
to Demat Account*
24-03-2021
IPO Listing Date* 25-03-2021

* - Tentative Dates

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DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.

Last Updated on Mar 25th 2021 09:47 AM


User Reviews

1. Kalyana M Mar 09 2021 09:10:19 AM Reply
IPO is priced at Rs. 130 and GMP is around 130 means 100% listing gains expected from laxmi organic.
2.1. Vinay Jain Mar 11 2021 09:38:28 AM
GMP is approx 85 to 90.